The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
70 jobs Number of planned job creations
Announcement Date
5 November 2014
Employment effect (start)
Foreseen end date
31 December 2015
Description
Federal-Mogul Friction Products Ploiesti, part of the American Federal-Mogul Corp., plans to create 70 new jobs by the end of 2015. According to the sources, the company intends to have a total of 340 employees next year.
The company is a global supplier of parts, components, modules and systems for automotive industry. This year, it bought the plant owned by Honeywell group in Ploiesti and invested in a new line of production. The investment in Ploiesti plant, destined to produce brake pads, was supported by a state aid scheme.
Sources
6 November 2014: Ziarul Financiar
5 November 2014: Wall-Street
Citation
Eurofound (2014), Federal-Mogul Friction Products Ploiesti, Business expansion in Romania, factsheet number 77798, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77798.
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